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48 Essex St # 7, Salem MA 01970

Salem, MA 01970
$440,000
2
Beds
1
Baths
995
Sq Ft
$442
Price/Sq Ft
1900
Year Built
1
Parking
42
Days on Market
Closed Listed Aug 27, 2025 • MLS# 73422522 Copied! • Updated Nov 20, 2025

Sale Statistics

Sale Overview
Original List Price: $500,000
Final Sale Price: $440,000
Difference: $60,000 (-12.0%)
Performance Metrics
88.0%
List to Sale Ratio
Sold below asking price
42
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $503
Sale $/sq ft: $442
This property sold for $442 per square foot
Sale Summary

This property sold for 12.0% below the original asking price.

The property spent 42 days on market before selling.

Nearby Sales Comparison

Based on 7 similar properties sold within 0.5 miles in the last 90 days

This Property
$442/sq ft
Area Average
$352/sq ft
Difference
+25.7%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

About this home

Carefully maintained 2-bedroom condo near the Salem Common, Derby and Pickering Wharfs, and Collins Cove. The high ceilings and tall windows provide a very spacious feeling. The hardwood floors, and one off-street parking space make 48 Essex a lovely place to live! Enter into a large, divided front parlor that can be used as living room and dining room and/or home office. The eat-in kitchen features newer appliances, granite counters, and exposed brick for added character. Both bedrooms are generously sized with ample closet space, and the newly remodeled full bathroom offers a walk-in shower with glass doors.. Enjoy added conveniences like laundry and private storage in the basement, plus a shared common deck on the floor.

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Recently Sold Nearby

Property History

Market Insights

6.4%
Price Range
44
Total Days on Market

Property Timeline

Sold
Nov 20, 2025
$440,000
Property sold
Days on Market: 44
🏠
Listed for Sale
Aug 27, 2025
$469,900
Original listing
Agent: Susan Berton Office: Churchill Properties

Tax History

Year Taxes Assessment
2025 $4,106 $362,100

Financial Details

Annual Property Tax
$4,106
Tax Year 2025
HOA Fee
$398
Monthly
Assessed Value
$362,100

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 995 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 5

Interior

Heating Baseboard, Natural Gas
Cooling None
Flooring Wood, Carpet, Laminate
Appliances Range, Dishwasher, Disposal, Refrigerator
Fireplace None
Basement Y
Laundry Common Area, In Building
Features Internet Available - Unknown

Exterior

Construction Brick
Architecture None
Roof None
Features Deck - Wood
Pool None
Spa None
Fencing None
Patio/Porch Deck - Wood
Features Off Street, Assigned
Total Spaces 1
Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range
Annual Tax $4,106
Assessed Value $362,100

HOA & Community

HOA Fee $398 Monthly
Fee Includes Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Amenities None
Optional Fee Includes None
Owner-Occupied Units 5
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type ["Garden"]
Unit/Building 7
Sq Ft Source Field Card
Documents Master Deed, Unit Deed, Rules & Regs, Master Plan, Management Association Bylaws, Floor Plans, Association Financial Statements, Certificate Of Insurance (8)
County Essex
Total market time (incl. prior listings) 44 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
2
Full Bathrooms
1
Living Area
995 sq ft
Total Rooms
5
Stories
1
Entry Level
3

Room Details

First Floor

Bathroom1
Bathroom - Full, Flooring - Stone/Ceramic Tile, Remodeled
Dining Room
Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet
Kitchen
Ceiling Fan(s), Closet, Flooring - Laminate, Countertops - Stone/Granite/Solid, Recessed Lighting, Gas Stove
Bedroom2
Closet, Flooring - Hardwood
Living Room
Ceiling Fan(s), Flooring - Wall to Wall Carpet
Master Bedroom
Closet, Flooring - Wall to Wall Carpet

Other Floor

Bedroom5
Bedroom4
Bedroom3
Bathroom2
Bathroom3
Office
Family Room
Master Bathroom
No

Interior Features

Flooring: Wood, Carpet, Laminate
Appliances: Range, Dishwasher, Disposal, Refrigerator
Interior Features: Internet Available - Unknown
Windows: Insulated Windows
Basement: Y
Laundry: Common Area, In Building
Security: Intercom

Construction & Materials

Year Built: 1900
Effective Year (Renovated): 1986
Structure Type: Garden
Exterior Materials: Brick
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Heating Zones: 1
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Deck - Wood
Patio & Porch: Deck - Wood
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street, Assigned

Nearby Schools

School information not available for this location.

Location

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Neighborhood

48 Essex St # 7, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Susan Berton
Listing Office Churchill Properties
Office Phone 978-258-5211
Agent MLS ID C9500900
Office MLS ID AN7537
Listing Data Updated Nov 20, 2025 3:56 PM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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